Memo; Mr Abbott

Since you keep telling us how badly off Australians are, could you please tell me which countries are better off.

I’ll help you out a bit by sharing a number of charts and stuff with you.

NET DEBT

Firstly, you have spent a lot of time in Parliamentary Question Time recently asking questions about Australia’s “Huge debt ‘on our credit card'”. You keep using the number “$300 Billion”.

Here is a chart showing how that rates with other major nations’ debt.

Our Australian debt is not only ridiculously low compared with other major economies but is shrinking in real terms!

I realise you have a problem reading stuff, Mr Abbott, but you really do have to read some things. I’m throwing in a huge set of figures which are not in chart form but do tell us something about how our debt to GDP ranks within the…

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About deknarf

Australian born and bred who has spent most of his working life in R&D and IP management with earlier forays in the newspaper industry and martial arts. Fortunate enough to be living in one of the best countries in the World, even though I might get grumpy with it from time to time.

3 Responses to Memo To Tony Abbot: Worth a Read!

Thanks for the comment joy! Aerchie did a nice job of pulling this information together! There are some earlier ones around the same issues on my blog in Dec 2012, Aug 2012, May 2012, Apr 2012 & Nov 2011.

Great set of numbers. If only Joe & Josie Public really knew about how well off this country is. They have been willingly brainwashed by vested interests within the media & the conservative side of politics who keep using the word DEBT as a battering ram to pound & terrify an economically illiterate public. .

They believe this country is going down the scoop quick smart & is on its way to generations of penury. When people say who is going to repay THE DEBT I want to scream. Governments aren’t supposed to make a profit or even balance the books. If they are they are dudding the taxpayers.

Thanks for the comment joy! Aerchie did a nice job of pulling this information together! There are some earlier ones around the same issues on my blog in Dec 2012, Aug 2012, May 2012, Apr 2012 & Nov 2011.

Australian born and bred who has spent most of his working life in R&D and IP management with earlier forays in the newspaper industry and martial arts. Fortunate enough to be living in one of the best countries in the World, even though I might get grumpy with it from time to time.